Maharashtra’s electric vehicle policy of 2021 offers lakhs of rupees in incentives to EV buyers. The policy has been updated from 2018 and is extremely thorough. This policy seeks to develop Maharashtra into a worldwide EV manufacturing hub. Additionally, to its plans to manufacture electric cars, Maharashtra intends to build a Gigafactory to manufacture alternative fuel sources, such as hydrogen cells, as well as EV components like batteries. As a result of the new policy, models like the Tata Nexon EV or the Tigor EV are as affordable as their fossil-fuel-burning counterparts. By realizing these targets by 2025, Maharashtra would certainly bring India’s electrification for mobility up to par with the global standards.
It is already apparent that India is becoming an attractive destination for carmakers to locate their respective manufacturing facilities. The increase in exports to other countries will result from this. India’s EV market is growing at an astonishing rate, and mainstream adoption is just a matter of time. The EV Policy of Rs 930 Crore is valid until March 2025 and shows the Government’s long-term commitment.
Maharashtra Electric Vehicle Policy 2021
The incentive for 5000 kWh is also applicable to cars and batteries up to 30 kWh in size. Approximately Rs 1.50 lakh is directly involved in this. As an additional benefit of the early-bird incentive, you are eligible for an additional Rs 1 lakh. This translates into a price reduction of Rs 2.50 lakh for the EV. In order for you to put things in perspective, the Tata Nexon EV, with its 30.2 kWh battery pack, will cost you approximately Rs 11.50 lakh, ex-showroom, Pune. The EV is then just as reasonable as a diesel counterpart of comparable specifications. This is the best time to switch to an EV in Maharashtra if you’re planning to purchase one.
Ex-showroom Prices of Nexon EV in Maharashtra
- XZ Plus (Electric) – Rs.16.59 Lakh
- XZ Plus Dark Edition (Electric) – Rs.16.78 Lakh
- XZ Plus LUX(Electric) – Rs.17.64 Lakh
- XZ Plus Lux Dark Edition (Electric) (Top Model) – Rs.17.68 Lakh
Our nation’s charging infrastructure is an important part of speaking about EVs. India and many other countries currently face the same challenge when it comes to adopting EVs.
The Government of Maharashtra will install around 2,500 charging stations in the next four years to address this issue. The study has identified several cities with the potential for setting up electric vehicle infrastructure, including Mumbai, Pune, Nashik, Nagpur, Aurangabad, Solapur and Amravati. Due to a comprehensive strategy in place, coupled with the rapidly changing behaviour of consumers, electric cars such as the Tata Nexon EV should become more mainstream in Maharashtra in no time.